The term ethical culture is associated with all of the following except a. culture that creates shared values and support for ethical decisions and is driven by the ethical leadership of top management b. maximizing profits and placing shareholder's first c. acceptable behavior as defined by the company and industry d. positively related to workplace confrontation over ethics issues, reports to management of observed misconduct, and the presence of ethics hotlines e. the component of corporate culture that captures the values and norms an organization defines and is compared to by its industry as appropriate conduct

e. the component of corporate culture that captures the values and norms an organization defines and is compared to by its industry as appropriate conduct

Explanation:

Apparently, it is legitimate to consider that a company has full social responsibility if its behavior is responsible from the point of view of all four criteria: economic, legal, ethical and discretionary.

The first criterion of social responsibility is economic responsibility. The company conducting the business, first of all, is the main economic unit of the company. It is responsible for the production of goods and services that people need, and for maximizing profits for its owners and shareholders.

The area of legal responsibility includes what is considered acceptable corporate behavior in society. It is assumed that the company will achieve its economic goals without going beyond the laws.

Ethical responsibility implies behavior that is not necessarily regulated by law and does not always serve the direct economic interests of the corporation. A company that makes ethical decisions honestly respects the rights of its employees and treats them the same way, except when it is required by organizational goals and objectives.

Discretionary responsibility - fully voluntary responsibility, dictated by the desire of the organization to contribute to the prosperity of society and not conditional on economic necessity, law or ethics. Discretionary actions include philanthropic actions that are not profitable.

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